How does the value of a cent in dollars impact the price of cryptocurrencies?

1 answers

• Dec 15, 2021 · 3 years ago
  At BYDFi, we understand the impact of the value of a cent in dollars on the price of cryptocurrencies. As a leading digital currency exchange, we closely monitor the fluctuations in the value of major fiat currencies, including the US dollar. When the value of a cent in dollars increases, it can lead to an increase in the price of cryptocurrencies as investors may seek alternative assets. Conversely, when the value of a cent in dollars decreases, it can result in a decrease in the price of cryptocurrencies as investors may prefer to hold onto dollars instead. Therefore, the value of a cent in dollars plays a crucial role in shaping the cryptocurrency market.
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